Here is my chart of the weekend:

measured move completed... interesting bullish geometry at low

Battle of KZ in MEE, CLF.
Showing MEE 5 minute, CLF similar.

look at x also

AUDCAD reacted after ABCD. Let's if it is going to continue up.
The two lines shown group tightly with APP of AB leg and CD ext. retracement.

watch small bearish abcd in qqq and spy.....will it take it back down into another 886?

USD/CHF bounced off .447 grouping and violated ML lower // shown in original post.

Originally posted by MarcinO

USD/CHF is forming nice ABCD with potential D in KZ (based on April the 1st pick retracement).
There are quite tight groupings around .382 and .447. It went through the lower grouping. Let's see if it bounces off the higher one.

Notice ES bearish ABCD here. This is coming off a major area at that 28-29 area I discussed last night (28.75 low, did I nail that read it wanted to get there, or what? See jarek's excellent chart from earlier), so I wouldn't expect the bearish pattern to play out. Clue time. This should act like a 'W3' here if the big area is pushing on this.

IF our bearish 4PT was W4 of a bigger W1, then this is the first candidate for a bigger W2:

And now Druckenmiller joins Gross and Grantham. Maybe it just took one person (Gross) to say out loud the Emperor has no clothes? At some point the bond vigilantes will overwhelm the Fed. Maybe not yet, but some day...

http://www.zerohedge.com/article/druckenmiller-calls-out-treasury-ponzi-scheme-its-not-free-market-its-not-clean-market-ident